Shalimar Paints Valuation Multiples

Shalimar Paints is valued at $71M as of November 2026, a 1.4x revenue multiple. In the last fiscal year, Shalimar Paints revenue was $60M and Shalimar Paints EBITDA was ($3M).

Shalimar Paints Overview

About Shalimar Paints

Shalimar Paints Ltd is an Indian-based firm that is engaged in the manufacturing, selling, and distribution of paints, varnishes, enamels, and lacquers products. The company operates in one segment which is manufacturing and sale of paints. Its product offerings comprise Interior wall paints, Exterior wall paints, distempers, primers, putty, heavy-duty protective coating, GI coating, packaging coating, and others. Geographically, the company derives a majority of its revenue from its customers located in India.


Founded

1902

HQ

India

Employees

615

Financials (Last FY)

Revenue: $60M
EBITDA: ($3M)

EV

$87M

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Shalimar Paints Financials

Shalimar Paints reported last fiscal year revenue of $60M and negative EBITDA of ($3M).

In the same fiscal year, Shalimar Paints generated $19M in gross profit, ($3M) in EBITDA losses, and had net loss of ($7M).


Shalimar Paints P&L

In the most recent fiscal year, Shalimar Paints reported revenue of $60M and EBITDA of ($3M).

Shalimar Paints is unprofitable as of last fiscal year, with gross margin of 32%, EBITDA margin of (5%), and net margin of (11%).

See analyst estimates for Shalimar Paints
Last FY202620272028
Revenue$60M
Gross Profit$19M
Gross Margin32%
EBITDA($3M)
EBITDA Margin(5%)
EBIT Margin(7%)
Net Profit($7M)
Net Margin(11%)
Net Debt$17M

Financial data powered by Morningstar, Inc.

Shalimar Paints Stock Performance

Shalimar Paints has current market cap of $71M, and enterprise value of $87M.

Market Cap Evolution


Shalimar Paints' stock price is $0.84.

Shalimar Paints share price increased by 1.0% in the last 30 days.

Shalimar Paints has an EPS (earnings per share) of $-0.08.

See more trading valuation data for Shalimar Paints
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$87M$71M1.0%1.0%--$-0.08

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Shalimar Paints Valuation Multiples

Shalimar Paints trades at 1.4x EV/Revenue multiple, and (26.8x) EV/EBITDA.

See NTM and 2027E valuation multiples for Shalimar Paints

Shalimar Paints Financial Valuation Multiples

As of November 3, 2026, Shalimar Paints has market cap of $71M and EV of $87M.

Shalimar Paints has a P/E ratio of (10.3x).

Last FY202620272028
EV/Revenue1.4x
EV/EBITDA(26.8x)
EV/EBIT(19.8x)
EV/Gross Profit4.5x
P/E(10.3x)
EV/FCF(79.1x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Shalimar Paints Valuation Multiples

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Shalimar Paints Margins & Growth Rates

In the most recent fiscal year, Shalimar Paints reported gross margin of 32%, EBITDA margin of (5%), and net margin of (11%).

See estimated margins and future growth rates for Shalimar Paints

Shalimar Paints Margins

Last FY202720282029
Gross Margin32%
EBITDA Margin(5%)
EBIT Margin(7%)
Net Margin(11%)
FCF Margin(2%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Shalimar Paints Operational KPIs

Shalimar Paints' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Access forward-looking KPIs for Shalimar Paints
Last FY202620272028
Revenue per Employee$0.1M
Opex per Employee$0.0M
S&M Expenses to Revenue1%
Opex to Revenue40%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Shalimar Paints Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Shalimar Paints VC Funding History

Before going public, Shalimar Paints raised $36M in total equity funding, across 1 round.

Last private valuation of Shalimar Paints was $144M, after raising $36M in January 2022 from Infra.Market.


Shalimar Paints Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Jan-22Strategic investmentInfra.Market$36M$144MHella Infra Market, the company that operates the Infra.Market platform, announced in January 2022 an investment of INR 270 crore in Shalimar Paints, a listed Indian paint manufacturer, made through a combination of equity and debentures and subject to shareholder and regulatory approvals. After the transaction Infra.Market held about 25 percent of the listed company, giving it an entry into the paints category alongside the concrete, tiles and other building materials it already sold under its own brands. Shalimar Paints is among the brands Infra.Market now lists in its portfolio. The two companies later discussed a larger transaction in which Shalimar Paints would acquire Infra.Market's parent through a share swap, a step that would give the construction materials group a stock market listing. Infra.Market was founded in 2016 and reported revenue of INR 14,530 crore in the year to March 2024.

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About Shalimar Paints

When was Shalimar Paints founded?Shalimar Paints was founded in 1902.
Where is Shalimar Paints headquartered?Shalimar Paints is headquartered in India.
How many employees does Shalimar Paints have?As of today, Shalimar Paints has over 615 employees.
Is Shalimar Paints publicly listed?Yes, Shalimar Paints is a public company listed on Bombay Stock Exchange.
What is the stock symbol of Shalimar Paints?Shalimar Paints trades under 509874 ticker.
When did Shalimar Paints go public?Shalimar Paints went public in 2008.
Who are competitors of Shalimar Paints?Shalimar Paints main competitors include
What is the current market cap of Shalimar Paints?Shalimar Paints' current market cap is $71M.
What is the current revenue of Shalimar Paints?Shalimar Paints' last fiscal year revenue is $60M.
What is the current EV/Revenue multiple of Shalimar Paints?Current revenue multiple of Shalimar Paints is 1.4x.
Is Shalimar Paints profitable?No, Shalimar Paints is not profitable.
How many companies Shalimar Paints has acquired to date?Shalimar Paints hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Shalimar Paints has invested to date?Shalimar Paints hasn't invested in any companies yet (or none have been disclosed publicly).

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